1.2.8.1.5.1.2.1 F ailure to assign required
resources
1.2.8.1.5.1.2.2 L ack of available resources

1.2.8.1.5.1.3 Cost

1.2.8.1.5.1.3.1 T otal cost exceeds budgeted
cost

1.2.8.1.5.1.3.2 R ate of expenditures exceeds
cash flow constraints

1.2.8.1.5.2 Implement practices to identify risks

1.2.8.1.5.2.1 Establish risk management board

1.2.8.1.5.2.2 Checklists for project risk areas

1.2.8.1.5.2.3 L essons learned from previous projects

1.2.8.1.5.2.4 Resource availability lists

1.2.8.1.5.2.5 R esource training records for applicable
skills

1.2.8.1.5.2.6 Peer review of project plans

1.2.8.1.5.2.7 S enior management review of project
plans

1.2.8.1.5.3 Document all risks captured during definition and
risk identification

1.2.8.1.6 Assess

1.2.8.1.6.1 Estimate probability of occurrence of each risk
event identified

1.2.8.1.6.2 E stimate the consequences of the occurrence of
each risk event

1.2.8.1.6.2.1 E stimate the impact on technical solution
(measured in terms of impact on s chedule
and/or cost)

1.2.8.1.6.2.2 E stimate the impact on schedule (mea
sured in terms of extra time required to
complete the project)

1.2.8.1.6.2.3 E stimate the impact on cost (measured in
terms of dollars)

1.2.8.1.6.3 V isualize risk assessments for technical solu
tion,  schedule, and cost using two-dimensional
plots

1.2.8.1.6.3.1 Plot risk probabilities along the y-axis

1.2.8.1.6.3.2 Plot risk consequences along the x-axis

1.2.8.1.6.4 Categorize assessments based on data plots

1.2.8.1.6.4.1 “High” risks have the greatest
consequences

1.2.8.1.6.4.2 “ Medium” risks have less impact on the
project than high risks

1.2.8.1.6.4.3 “Low” risks have the least impact

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Appendix 1: “To Manage” Decomposition
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